Dentons > Madrid, Spain > Firm Profile

Dentons Offices

Dentons
Paseo de la Castellana, 53 8ª
28046 Madrid
Spain
Visit website 34 91 436 33 25 34 91 436 33 29

Dentons > The Legal 500 Rankings

Spain > Commercial, corporate and M&A Tier 3

A trusted adviser to a wide range of Spanish and international clients, Dentons regularly acts for public companies, middle-market enterprises and PE funds in transactions across the energy, real estate and TMT sectors, among others. Its varied workload features mergers, acquisitions, divestments, joint ventures and buy-outs on the transactional side, as well as corporate governance, compliance and day-to-day corporate issues on the advisory front. Practice head Jesús Durán focuses on M&A, divestment strategies and funds structuring matters. Israel De Diego ‘combines experience, dynamism and a tradition of rigorous M&A‘. Nieves Briz – co-head of the Europe consumer products and services group – is active in transactions in the life sciences, retail, TMT and energy spaces, while Inmaculada Castelló, who joined from Pinsent Masons LLP in May 2024, brings valuable experience in healthcare, technology, and industrial sector deals. At the senior associate level, Vicente Paramio stands out for his contributions to major M&A involving listed companies and private equity firms.

Practice head(s):

Jesús Durán

Other key lawyers:

Israel de Diego; Nieves Briz; Inmaculada Castelló; Vicente Paramio; Jorge Carmona;

Testimonials

‘High degree of technical specialisation. Great dedication to each project, from beginning to end of each deal. Ability to train the most junior staff, thanks to the great experience of the senior staff, so that the less experienced have extraordinary training in the medium term.’

‘The main partner I have worked with, Israel de Diego, stands out for his negotiation skills, ability to relate to professionals from other practices (financial advisors, for example), very remarkable knowledge of other international negotiation cultures and great resilience, together with great technical knowledge derived from his training and experience that allows him to plan, identify and accompany each of the client’s steps in the transaction.’

‘Dentons is involved in some of the main mid-market M&A transactions, has strong technological support and a multinational presence that allows them to provide quality service in different sectors and countries.’

‘Dentons has solid national and cross-border experience, with the ability to provide a consistent quality service across all jurisdictions. Particularly appreciated is the work of Israel de Diego and Vicente Paramio and their ability to integrate teams from different practices. They have also made very successful hires such as Inmaculada Castelló.’

‘The team is prepared and willing to carry out transactions that are outside the standard and require negotiation and drafting of specific, tailor-made documents, going beyond the usual models. They bring many years of experience in M&A legal negotiations, from a time when excellence and attention to detail were the objectives.’

‘Israel de Diego combines experience, dynamism and a tradition of rigorous M&A. He brings a lot of value.’

Key clients

Idealista

Lighthouse Properties

Tecnatom

DPV Solar

Acrylicos Vallejo

Papara Elektronik Para, A. Ş

Orbyn IBU

EQ Resources Limited

Total Specific Solutions

PERI SE

Trison Europe, S.L.U.

Stena Line Scandinavia AB

Work highlights

Spain > Real estate and construction Tier 3

Dentons' real estate team advises on real estate investments, M&A transactions, property financings, and development projects. The group offers assistance to a variety of clients, including investors, funds and developers. Department head Roberto Tojo has extensive experience in a wide range of real estate matters, including financings, asset deals, sale and leaseback transactions, and construction contracts. The team also benefits from the aptitude of Itxaso López who concentrates on real estate investments, disposals and financings.

Practice head(s):

Roberto Tojo

Other key lawyers:

Itxaso López; Francisco Jiménez; Manuel de Cueto; Carlota García-Ovies

Testimonials

‘The team stands out for its teamwork, responsiveness, joviality, and professionalism.’

‘The lawyers are very attentive and client service is good. This makes the process pleasant. Itxaso and Carlota are the trusted contacts when there is any problem.’

‘Their support is invaluable. From the outset, the team are readily available, offering invaluable guidance and strategic insights that are been critical to the client’s success in navigating the complexities of the Spanish market.

‘What truly stands out is the seamless collaboration across Dentons’ business. The real estate team works hand-in-hand with their colleagues in the corporate and finance teams to provide clients with a comprehensive and tailored approach.

‘Their ability to integrate expertise from different areas of the firm allowed clients to address the full scope of their investment needs and ensure that no details are overlooked. The team’s deep market knowledge and proactive approach give clients the confidence to make informed decisions and move forward with certainty.’

‘The entire team demonstrates a commitment to understanding the client’s business objectives and works tirelessly to ensure the processes are smooth, efficient, and aligned with the client’s long-term goals. Their dedication to client service and transparency, attention to detail, and collaborative spirit have set them apart.’

‘It has been a genuine pleasure to work closely with Itxaso and Manuel daily over the past year. Their commitment to building strong, trusted client relationships is truly exceptional. Both of them bring a remarkable combination of professionalism and approachability, making collaboration not only seamless but also enjoyable.’

‘What sets them apart is their dedication to open, transparent communication, even when navigating sensitive or challenging topics. They are consistently honest and forthright, ensuring that clients are fully informed and able to make the best decisions, no matter the complexity of the issue. This level of candour, paired with their unwavering focus on our goals, fosters a partnership built on trust and mutual respect.’

Key clients

Inmobiliaria Colonial, SOCIMI, S.A.

LAR España Real Estate SOCIMI

Lighthouse Properties

Tailor Holdco (Spain), S.L.

REI Spain Logistics, S.L.

KKR and fund manager Global Infrastructure Partners

RS Lender III, S.A.R.L.

La Moraleja Business Resort, S.L.U.

GLL Real Estate Partners

Aberdeen Asset Management

Greystar Real Estate Partners

Work highlights

  • Advised Inmobiliaria Colonial, Socimi, S.A. on the indirect sale of the new headquarters in Madrid of the insurance company Grupo Catalana Occidente and the sale of Project Madnum.
  • Advised LAR España Real Estate SOCIMI on the sale of two shopping centres to AEW Capital Management.
  • Advised Lighthouse Properties on its acquisition of the H2O Shopping Center.

Spain > Banking and finance Tier 4

Bolstered by its 'international network of offices that greatly facilitates cross-border transactions', Dentons' Madrid-based banking and finance practice is best known for its expertise in project finance, commercial lending, and structured finance. Department head Jabier Badiola - a key point of contact for Spanish and international financial entities, insurance companies and investment funds - steers the team on a range of banking and finance matters, including project finance and debt restructuring. Luis Belart specialises in cross-border deals, most notably financings in the real estate and energy sectors.

Practice head(s):

Jabier Badiola

Other key lawyers:

Luis Belart; Ignacio Fernández

Testimonials

‘The differential element is the personal and close treatment of the entire team, from the partner to the senior lawyers and staff. They always make you feel like a priority client without ever losing quality in the service provided.’

‘Its proximity and immediate availability. The excellence of its services and the human quality of the entire team.’

‘Absolute availability to attend to the demands of the clients. Lawyers with a commercial profile, which helps a lot in the negotiations, without losing legal protection.’

‘Availability. Proximity. Expertise.’

‘Communication was clear and collaboration between team members was good with reactivity.’

‘They have an international network of offices that greatly facilitates cross-border transactions. They are highly specialized in banking law.’

‘This is a well-managed team that pays attention to every detail in each deal. They provide enough confidence to know that the work is being done properly. They have always found a solution to any problem that has been posed to them, studying complex transactions and proposing alternatives, all with the maximum legal security.’

‘We have relied on Luis Belart and his team for advice on several occasions. In addition to his exceptional legal knowledge, he has always demonstrated his ability to understand the needs and complexities of each business. He not only provides legal security but also always seeks a balance to ensure the viability of transactions. His business vision makes him an ideal lawyer for complex operations.’

Key clients

Syndicate of Banks: Coöperatieve Rabobank U.A. / Ca Indosuez (Switzerland) S.A. / Sumitomo Mitsui Trust Bank, Limited (London Branch) / Citibank, N.A., London Branch / Société Générale / Ubs Switzerland Ag / Unicredit Bank Gmbh / Mufg Bank, Ltd. / Kfw Ipex-Bank Gmbh / Icbc (London) Plc

Syndicate of Banks: ING, Sucursal en España; ING, London Branch; Deutsche Bank AG; |Nationale-Nederlanden Schadeverzekering Maatschappij N.V; NN RE (Netherlands) N.V.; Nationale-Nederlanden Levensverzekering Maatschappij N.V.

UniCredit Bank AG

Syndicate of Banks: Banco Sabadell, S.A. / Caixabank, S.A. / Instituto De Crédito Oficial, S.A.

PGIM Inc

Banco Santander, S.A.

AS “Reģionālā investīciju banka” (RIB Bank)

ING Bank

RS Lender III, S.A.R.L.

International Finance Corporation

La Moraleja Business Resort, S.L.U. (UBS Asset Management)

Greencells Energy Nl B.V.

Work highlights

  • Advised a syndicate of lenders, led by ING London Branch, on the sale and cancellation of the financing granted in favour of Islazul Centro Comercial for an amount of €154m.
  • Advised Banco Sabadell, S.A., Caixabank, S.A., and Instituto De Credito Oficial, S.A. on the amendment to a senior loan agreement for an amount of $136m for the acquisition of two Airbus A330-200 aircraft.
  • Advised Banco Santander in relation to the financing of an SPV incorporated by several funds managed by Patria Infraestructure Fund IV, for the purposes of financing the construction, operation, and maintenance of the Colombian corridor Ruta al Sur.

Spain > Capital markets: Debt Tier 4

Praised for its 'comprehensive work on fixed-income capital market deals', Dentons assists corporate issuers, financial institutions, and investment banks with domestic and cross-border DCM transactions. Under the leadership of Ignacio Corujo Del Valle, the group excels in convertible bonds, commercial paper programmes, and covered bonds. Corujo stands out for his 'detailed knowledge of the Spanish market' and experience across a broad range of capital markets matters, including EMTN and ECP programmes.

Practice head(s):

Ignacio Corujo del Valle

Testimonials

‘They carry out comprehensive work on fixed-income capital market deals, which necessarily requires significant coordination of the different agents involved and significant proactivity.’

‘Ignacio Corujo is approachable and efficient, demonstrates technical quality and always meets objectives and deadlines.’

‘Ignacio Corujo, as the partner in charge of capital markets, combines a detailed knowledge of the Spanish market with a good working relationship with the client that guarantees the smooth outcome of the transactions.’

Key clients

Banca March, S.A.

Banco Santander, S.A.

Pkf Attest Debt Capital Markets, SL

Caixabank, S.A.

Banco Bilbao Vizcaya Argentaria, S.A

Cajamar Cajar Rural, Sociedad Cooperativa de Crédito

Sacyr S.A.

ACS, Actividades De Construcción Y Servicios, S.A.

PGIM Inc

Quid Pro Quo Alquiler Seguro Socimi, S.A. (QPQ)

Optimum III Value-Added Residential SOCIMI, S.A.

Work highlights

  • Advised a syndicate of financial entities acting as the dealers with the renewal of €700m Sacyr Euro Medium Term Note Programme.
  • Advised Cajamar Caja Rural on the issuance of €600m covered public bonds listed on the Spanish Regulated Market.
  • Advised Sacyr, S.A. on the renewal of ENMT Programme for an amount of €500m, with the involvement of Banca March, as Arranger, and Banco Santander, CaixaBank, BBVA andPKF Attest, as Dealers for the Notes.

Spain > Financial services regulatory Tier 4

Banks, investment services firms, other financial institutions, and listed companies regularly seek Dentons‘ expertise on Spanish and EU financial regulatory matters, particularly in areas such as AML, AIFMD, and UCITS. The team, led by Jesús Mardomingo, is also well-versed in advising on sanctioning proceedings and fintech-related issues. Lola Noguera is a key contact for both regulatory and transactional advice in this field.

Practice head(s):

Jesús Mardomingo

Other key lawyers:

Lola Noguera

Key clients

Banesco S.A. Panamá – Grupo Banesco

ICBC (Europe) S.A. Sucursal En España

Invest International Capital B.V.

JSC “Regional Investment Bank”

Paytrix Group Limited

Work highlights

  • Advised Wally, Banesco S.A.’s payment methods division, on a strategic expansion across several Latin American countries including Colombia, Ecuador, Dominican Republic, Nicaragua, Guatemala, El Salvador, and Honduras.

Spain > Private equity Tier 4

Dentons stands out for its dual expertise in fund formation and transactional work within the private equity space. The team is particularly active in transactional insurance, advising clients on underwriting potential liabilities stemming from PE deals. Team head Jesús Durán represents a wide range of PE stakeholders, assisting with M&A deals, buyouts, divestments, and structuring mandates.

Practice head(s):

Jesús Durán

Other key lawyers:

Israel de Diego; Jorge Carmona

Key clients

Idealista

Lighthouse Properties

Acrylicos Vallejo

Sacyr Concessions

DPV Solar

Magnum Industrial Partners

Work highlights

  • Advised Idealista on Cinven’s €2.9bn acquisition of Idealista.
  • Advised the South African fund Lighthouse on its recent acquisition of the H2O Shopping Center.
  • Advised Acrylicos Vallejo on the conditional sale of a majority stake to Proa Capital.

Spain > Projects and energy Tier 4

At Dentons, the energy and natural resources team regularly advises major multinational clients on transactions, financings, and project developments within the renewable energy segment. Heading the team, Fermín Garbayo brings a wealth of expertise regarding M&A and financings in the biogas, solar power, and battery storage spaces. Public law head Javier Moya focuses his practice on the regulation impacting the development, financing, and operation of energy projects.

Practice head(s):

Fermín Garbayo

Other key lawyers:

Javier Moya

Testimonials

‘Super professionals, with a complete knowledge of the regulations. Very focused on finding solutions and anticipating problems before they arise.’

‘Fermin Garbayo is on the podium of the best energy lawyers in Spain.’

‘The most outstanding lawyer here is Javier Moya, who has highly significant experience in water and energy-related matters.’

Key clients

ING Bank NV

VORN Bioenergy GmbH

Taaleri Energia Funds Management Oy

Greencells Energy NL B.V.

Corning Inc.

Largo Clean Energy Corp.

ProLogis, Inc.

Green Genius Development Spain S. L.

World Fuel Services (World Kinect Corporation)

Endesa S.A.

DPV SOLAR

Work highlights

  • Advised VORN Bioenergy in connection with a joint development agreement with Oleícola El Tejar Nuestra Señora de Araceli, COOP and Green Aranda Tech, S.L. related to eight biomethane plants in Andalucía, Spain.
  • Advised Greencells Energy on the acquisition of several photovoltaic projects in Andalucía and Aragón, Spain.
  • Advised Taaleri Energia, a Finland-based wind and solar developer and fund manager, on its acquisition of 100% of the share capital of nine SPVs holding the rights to eight solar projects and one substation.

Spain > Restructuring and insolvency Tier 4

Dentons‘ newly launched restructuring, insolvency and bankruptcy practice is led by Santiago Hurtado, who joined the firm from Simmons & Simmons in February 2023. Mercedes has extensive experience in litigation and corporate matters related to shareholder conflicts, as well as distressed and special situations. The team is now well equipped to represent a diverse range of clients, including prominent names in the financial services sector, in both out-of-court restructurings and judicial insolvency proceedings.

Practice head(s):

Santiago Hurtado

Other key lawyers:

Javier Royo

Testimonials

‘Dentons has one of the best restructuring and insolvency teams in the sector. The lawyers have very diverse profiles, which helps ensure that the results of their work are more complete and of better quality. The team is supported by a top-level firm, which provides a 360-degree view (including matters as diverse as tax, commercial and labour law), always within very tight deadlines and with a top-level level of quality.’

‘Santiago Hurtado is a benchmark, not only for the firm, but for the entire sector. With detailed knowledge of the subject matter, his profile as a State Attorney gives him an analytical capacity and a transversal knowledge of subjects that is unparalleled. He leads a team with a marked international character, with the ability to easily coordinate operations with international ramifications, as few firms can offer.’

‘Their knowledge of the subject, with personalised involvement and dedication for a very competitive price.’

‘From my point of view as a client, Dentons has managed to create a powerful restructuring and insolvency team. Much of this added value comes from the transversality of its members, who have accumulated significant knowledge in various related areas such as banking and finance, restructuring and insolvency and dispute resolution. Obviously, this offers it a clear market advantage over other firms in the same sector.’

‘Santiago Hurtado is undoubtedly the partner of reference within this practice. Santiago Hurtado is a national benchmark in this practice. His enormous technical knowledge, combined with great negotiating capacity and perfect knowledge of the market, undoubtedly make him a benchmark in the market.’

‘Additionally, the work carried out by Javier Royo stands out, who combines important technical knowledge and a great ability to find solutions.’

Key clients

Banco Santander, S.A.

BBVA

EBN

CaixaBank, S.A.

PICHINCHA

Banco Sabadell, S.A.

Bankinter, S.A.

Deutsche Bank, S.A.

Cajamar Rural Sociedad, Cooperativa de Crédito

Institut català de finances

Abanca

Lacelier Europe S.A.U.

Gres Nederland Cooperatief, U. A

Work highlights

  • Advised a syndicate of financial entities (Banco Santander, BBVA, EBN, CaixaBank and PICHINCHA) on the restructuring plan of Ezentis Group, a publicly traded company whose business focuses on the maintenance, operation, and construction of electrical and telecoms infrastructures.
  • Advised a syndicate of financial entities (Banco Santander, S.A., CaixaBank, S.A., BBVA, BancoSabadell, S.A., Bankinter, S.A., Deutsche Bank, S.A., Cajamar Rural Sociedad, Cooperativa deCrédito, Institut català de finances) on the debt restructuring of Angles Textil, S.A., one of the leading companies in the textile sector in Catalonia.
  • Advised the financing entities (Banco Santander, Abanca, CaixaBank and BancoSabadell) on the debt restructuring of Fandicosta, S.A. and all its satellite companies (Comercial de Pescados y Mariscos Peixemar, Casa Botas, S.L., Tebra, S.L. and CB Inversiones1904, SL).

Spain > Tax Tier 5

The tax practice at Dentons is a popular choice for insurance companies seeking guidance on W&I and specific tax risks. The firm, which is regularly engaged by corporate clients and HNWIs, has also been increasingly active in advising on the tax aspects of real estate and M&A transactions. Practice head Maria Cortizas is frequently seen advising on the tax structuring of M&A, capital markets and finance transactions, as well as corporate reorganisations. Her expertise also extends to tax disputes. Diego Carrera provides key support, focusing on tax issues related to the insurance sector, special tax regimes for foreign investors, and transactional matters.

Practice head(s):

María Cortizas

Other key lawyers:

Diego Carrera

Testimonials

‘The Dentons team is a cohesive and multidisciplinary team that provides comprehensive advice on high-quality transactions.’

‘The person who heads the tax department is María Cortizas. María is a highly experienced professional with a recognised reputation in the market. Technically, she is impeccable, always available and easy-going and friendly.’

‘Collaboration, willingness and good work.

‘Proximity with high technical level.’

Key clients

Lighthouse Properties

Total Specific Solutions (TSS)

ING Bank NV

Acrylicos Vallejo

Largo Clean Energy Corp.

Work highlights

  • Advised the South African fund Lighthouse on the acquisition of the Salera shopping centre in Castellón from the German fund DWS.
  • Advised ING Bank NV Sucursal en España on the €75m refinancing of certain subsidiaries of Aquila European Renewables related to the construction of a 180 MWp portfolio of photovoltaic (PV) assets in Spain.
  • Advised Acrylicos Vallejo on the conditional sale of a majority stake (70%) to Proa Capital.

Press Releases

Dentons Paz Horowitz boosts its Tax practice capabilities!

10th June 2025 Dentons Paz Horowitz is pleased to announce that Carmen Crespo has joined the firm as a Partner in its Tax practice.

Dentons advises Bank Gospodarstwa Krajowego on US$60 million export financing to Molo Group for hotel complex in Turks and Caicos

18th May 2025 Dentons has advised Bank Gospodarstwa Krajowego (BGK), the Polish development bank, on a long-term investment loan of up to US$60 million granted to the Molo Group, owned by the Slominski family. The financing will be used to build a hotel complex with 251 rooms and suites on Providenciales, the main island of the Turks and Caicos archipelago in the Caribbean. The buildings will be constructed from equipment and modules manufactured in Poland.

Dentons Plays a Key Role in Structuring the Loja-Catamayo Infrastructure Project

17th May 2025 In a significant step forward for the Loja-Catamayo Road Corridor in Ecuador, Dentons will support the Canadian Commercial Corporation (CCC) in structuring this project under a Public-Private Partnership (PPP) model. This initiative aims to enhance connectivity in southern Ecuador and drive economic growth in the region.

China private wealth and Singapore family office specialist Linda Bai joins Dentons Rodyk as the firm’s first partner hire of 2024

11th March 2024 Global law firm Dentons Rodyk has announced its first partner hire of the year with the appointment of China private wealth and Singapore family office specialist Linda Bai as a Partner in the firm’s Private Wealth, Family Office and Tax practices, with a focus on China clients. 

Dentons launches combination with PJS Law in the Philippines

6th February 2024 Dentons has launched its previously announced combination with leading Philippine law firm, PJS Law.

Singapore’s Global Law Firm Dentons Rodyk Unveils New Leadership Appointments

8th January 2024 Singapore’s Global Law Firm Dentons Rodyk announces new leadership appointments for 2024. 

Dentons Rodyk Announces the Admissions of Two Next Gen Leaders to Equity Partnership and Seven Promotions to Partner

8th January 2024 Singapore’s Global Law Firm Dentons Rodyk announces the admission of two new Senior Partners and seven Partners with effect from 1 January 2024.

Singapore’s Global Law Firm Dentons Rodyk Boosts Litigation & Dispute Resolution Practice with Partner Alexander Lee

18th December 2023 Singapore, 7 December 2023 – Dentons Rodyk has announced that leading dispute resolution lawyer Alexander Lee has re-joined the firm’s Litigation & Dispute Resolution practice as a Partner.  He was most recently a Director at Drew & Napier.

Dentons Rodyk’s Annual Thought Leadership Event Explores the Cornerstones of Singapore’s Success

6th November 2023 Singapore, 2 November 2023 – Singapore’s global law firm Dentons Rodyk hosted its annual national thought leadership event, the Dentons Rodyk Dialogue 2023 today, 2 November 2023.

Dentons advised on the global offering of €75 million 4.60 per cent. Credit Enhanced Bonds due 2026 for Gaoyou City Construction Investment Development Group

7th March 2023 Dentons has represented Gaoyou City Construction Investment Development Group, a leading state-owned infrastructure construction company principally engaged in the construction of municipal infrastructure, water facilities, roads, environmental governance-related facilities and shantytown redevelopment projects in Gaoyou City and Suzhou City, in its global offering under Regulation S of its English law governed €75 million 4.60 per cent. Credit Enhanced Bonds due 2026, with the benefit of an irrevocable Standby Letter of Credit issued by Bank of Jiangsu Co., Ltd., Yangzhou Branch, underwritten by China Industrial Securities International, Industrial Bank of Co. Ltd., Hong Kong Branch, Shanghai Pudong Development Bank, Hong Kong Branch, China Minsheng Banking Corp., Ltd., Hong Kong Branch, CEB International, Guotai Junan International, Guosen Securities (HK), Central Wealth Securities Investment Limited, CNCB Capital, CITIC Securities, CMBC Capital, China International Capital Corporation and Caitong International.

Dentons Rodyk kicks off 2023 with the introduction of next generation leaders

16th January 2023 Singapore’s Big Five law firm Dentons Rodyk unveiled its new Executive Committee and also announced the admission of two outstanding young individuals into the senior partnership of the firm, with effect from 1 January 2023.

Court of Appeal releases written grounds for upholding decision in US$1.48b environment related claim

9th December 2022 The Singapore Court of Appeal on 2 December 2022, issued its written grounds for upholding the High Court (General Division)’s decision in Ok Tedi Fly River Development Foundation Ltd and others v Ok Tedi Mining Ltd and others [2021] SGHC 205. The appeal was successfully resisted by the Dentons Rodyk team led by Mark Seah, Co-Head of the Litigation Practice and comprised Andrea Gan, Martin See, Alexander Choo and Philip Teh. TSMP Law Corporation’s Mr Adrian Tan and Dr Tang Hang Wu acted for the Appellants.

Mr. Phuc Le rejoined Dentons LuatViet to strengthen its offshore legal services

7th July 2022 Dentons LuatViet is delighted to welcome back Mr. Phuc Le to join our firm as a Special Counsel. He will primarily provide legal services to our clients in the US and Moscow.

Singapore Big Five Law Firm Dentons Rodyk Boosts Corporate Practice with Two Senior Lawyer Hires

4th July 2022 Singapore, 1 July 2022 – Singapore’s Big Five Law Firm Dentons Rodyk are today announcing the arrival of senior corporate lawyers Evelyn Ang and Emily Low. Together with six other lawyers, they join Dentons Rodyk from Big Four accounting firm EY’s Singapore law practice, Atlas Asia Law Corporation (AALC). The news follows Dentons' recently launched combination with leading Vietnamese law firm LuatViet, as the Firm pursues its goal of being the leading pan-ASEAN law firm.

Dentons launches combination with LuatViet in Vietnam

17th June 2022 Dentons has launched its previously announced combination with leading Vietnamese law firm, LuatViet, which has more than 40 legal professionals serving clients from offices in Ho Chi Minh City and Hanoi.

Former Deputy Director of Attorney-General’s Chambers Navin Naidu joins Big Five Law Firm Dentons Rodyk

17th June 2022 Big Five Law Firm Dentons Rodyk & Davidson LLP is pleased to announce the arrival of Attorney-General’s Chambers’ former Deputy Director Navin Naidu to the firm’s White Collar and Government Investigations practice.

How Singapore’s Big Five law firm Dentons Rodyk is embracing the future of work and ditching its traditional office for good

14th April 2022 Visions for the future of work have never been bolder. The COVID-19 pandemic changed notions on how many felt a work environment should be. The world was rushed into accelerating technology adoption, increasing digital connectivity and embracing virtual collaboration. As we usher in a new and dynamic decade, Dentons Rodyk envisions the future of work by ditching its traditional office for good and introducing a permanent hybrid work model.

Dentons secures final victory for ICT on European patent infringement case against ESSITY

18th August 2020

Global law firm Dentons is pleased to announce that the Paris Court of Appeal, the Higher Regional Court of Karlsruhe and the Barcelona Provincial Court have all issued final decisions dismissing Essity’s claims of patent infringement in regards to Industrie Cartarie Tronchetti’s (ICT) three ply toilet paper. With Dentons’ counsel, ICT successfully demonstrated beyond a doubt that its branded and private label products are produced based on its own proprietary process, and patented under European patent 2 353 859. 

Dentons has been advising Industrie Cartarie Tronchetti S.p.A since 2016. Based in Lucca, ICT is a leader in the category of high quality tissue paper products for domestic use, and has subsidiaries in Italy, Spain, Germany, France and Poland.

The Paris decision, which is the most recent, ends a long-running patent infringement litigation with Essity and affirms ICT can continue to produce and distribute absorbent paper based on its own proprietary technology. The three courts in France, Germany, and Spain have confirmed ICT’s argument that it is using its own novel technology, also patented. Essity’s claims of infringement were based on a patent originally filed by Georgia Pacific, and subsequently becoming Essity’s.

Dentons partner David Masson served as lead partner and represented ICT in France. Dentons partner Dr. Constantin Rehaag represented ICT in Germany, and PwC partner Alejandra Matas Brancós represented the client in Spain, with the support of Dentons partner Juan Ignacio Alonso.

David Masson, lead lawyer on the case, commented: “It has been very interesting to understand ICT’s own technology and work closely with different teams, including ICT’s R&D department, which has been part of all strategic and technical decisions throughout the case”.

Constantin Rehaag, who represented the client in the German court hearings and coordinated the work with the client’s patent attorneys, said: “This is an outstanding success of a great team formed by the client, who provided us with invaluable technological insight, the team of patent attorneys and, finally, by the Dentons teams in France, Spain and Germany.”

The patent litigation began in 2016 when Essity sued ICT in France, Germany and Spain for the alleged infringement of its patent related to the technical solution for the bonding of three layers of tissue for paper products such as high quality, soft and bulky, toilet paper.

In France, Essity claimed that ICT had breached the French part of its European patent 1 081 284 and that the toilet paper marketed as Foxy Soie Plus, and also certain other private labels produced by ICT France, had infringed on their patent. Essity demanded that all production operations be halted. The rolls of toilet paper were carefully analyzed and there were no findings of infringement. The two French courts - in first instance and appeal - rejected the claims and ordered Essity to pay compensation for the legal fees to ICT Italy and ICT France.

In Germany, the case was first taken to the Mannheim District Court, which is well reputed in patent matters. The lawsuit mainly focused on the complex questions regarding the construing of the claims of Essity’s patent. The court ruled in favour of ICT, and Essity filed an appeal. In August 2019, the Higher Regional Court of Karlsruhe also ruled that the German subsidiary of ICT did not infringe the German part of the patent 1 081 284.

In Spain, after a first decision in favor of Essity in the lower court, the Barcelona Provincial Court clearly stated in a written appeal that ICT’s products - and in particular, Foxy Seda, Foxy Bouquet, certain three-ply private label products - did not infringe the Spanish part of the patent 1 081 284.

About ICT

Industrie Cartarie Tronchetti (ICT) was founded in 1976 in Italy, in the Lucca province, to operate in the tissue sector, producing high quality paper exclusively from virgin fibre. The first production facility was opened in 1978 in Piano della Rocca, Lucca, and over the years new plants and facilities have been set up in Piano della Rocca, Diecimo and Piano di Coreglia. The Foxy brand, one of the leading brands in the European market, was launched in 1982. ICT is an example of excellence in the paper industry, in full harmony with the tradition of the Lucca region, where the most important Italian papermaking hub is located, on a par with those of Green Bay (USA) and Fuji (Japan). In Lucca in particular, great expertise has been nurtured in the field of paper for household use, and the city is in fact known as the world tissue capital. Today, ICT SpA boasts an annual production capacity of about 160,000 tonnes.

About Dentons

Dentons is the world's largest law firm, connecting talent to the world's challenges and opportunities in more than 75 countries. Dentons' legal and business solutions benefit from deep roots in our communities and award-winning advancements in client service, including Nextlaw, Dentons’ innovation and strategic advisory services. Dentons' polycentric and purpose-driven approach, commitment to inclusion and diversity, and world-class talent challenge the status quo to advance client and community interests in the New Dynamic.


Dentons advises Snam on US$10.1 billion consortium investment in ADNOC Gas Pipelines

3rd August 2020 Global law firm Dentons advised Italian-based multinational energy infrastructure operator Snam in relation to its agreement, in consortium with several international investment funds, to purchase a 49 percent share of ADNOC Gas Pipelines from The Abu Dhabi National Oil Company (ADNOC). ADNOC Gas Pipelines is valued at approximately US$20.7 billion (US$10.1 billion for 49%).

The transaction is one of the most important in the global energy infrastructure sector, as well as Snam’s first acquisition outside Europe.  ADNOC Gas Pipelines holds the tariff-based rights for the 38 pipelines that connect ADNOC’s upstream activities to Abu Dhabi’s consumption points and the export and interconnection terminals to neighboring Emirates.

The transaction was financed by a pool of international banks for approximately $8 billion, plus an equity contribution from each of the consortium members.  In addition to Snam, the other consortium members included Global Infrastructure Partners, Brookfield Asset Management, GIC, Ontario Teachers’ Pension Plan, and NH Investment & Securities.

Dentons acted with a cross-border team from Italy and UAE, coordinated by partner Sara Biglieri in Milan.  Partners Luca Pocobelli (Rome) and Mhairi Main Garcia (Dubai), counsel Claudio Segna (Milan), senior associate Craig Hughson (Abu Dhabi) and associate Stephanie Hawes (Dubai) advised on corporate and M&A aspects. Partners Alessandro Fosco Fagotto (Milan) and Stephen Knight (Abu Dhabi), counsel Franco Gialloreti, senior associate Tommaso Zanirato and junior associate Giulia Caselli Maldonado (all Milan) advised on financing aspects. Partner Michele Carpagnano (Rome) and associate Giulia Giordano (Rome) advised on the competition and antitrust aspects.

Snam’s internal legal team was led by General Counsel, Marco Reggiani - assisted by Michela Schizzi, Senior Vice President Regulated Assets Legal Affairs - and included senior legal counsels Rosanna Pallotta and Claudia Jolanda Fanelli.  The legal aspects related to the financing were handled, together with Marco Reggiani, by Gloria Bertini, Head of Finance and Capital Market Legal Affairs and Roberta Di Mauro, legal counsel.


Dentons advises Investitionsbank Berlin (IBB) on the establishment of the EU Malaria Fund

3rd August 2020 The EU Malaria Fund was initiated by the kENUP Foundation, a not-for-profit organization promoting research-based innovation with public and societal benefit. The fund is managed by the IBB Group. The target volume of the fund amounts to €280 million, with a first closing of €70 million on June 3, 2020. A Dentons team from Berlin, Frankfurt, Dusseldorf and Munich provided comprehensive advice to IBB Group on the establishment of the EU Malaria Fund. This included the development of the legal and tax conception of the fund, regulatory advice, corporate law support on the setup of the fund, and the negotiation of the financing agreements with the EIB, the Bill & Melinda Gates Foundation and other investors. Berlin-based partner Dirk-Reiner Voss and Frankfurt-based partner Arne Klüwer jointly led the Dentons team, with support from partners Stephan Busch, Matthias Santelmann and senior associates Holger Hölkemeier and Bernd Düsterbeck in Berlin; counsel Verena Etzel and Oda Elmoutaouakil in Frankfurt; partner Axel Schlieter in Dusseldorf, and partner Richard Fagerer in Munich. About Dentons Dentons is the world's largest law firm, connecting talent to the world's challenges and opportunities in more than 75 countries. Dentons' legal and business solutions benefit from deep roots in our communities and award-winning advancements in client service, including Nextlaw, Dentons’ innovation and strategic advisory services. Dentons' polycentric and purpose-driven approach, commitment to inclusion and diversity, and world-class talent challenge the status quo to advance client and community interests in the New Dynamic. www.dentons.com

Dentons advises on ACS Group’s €500 million NEU-CP Program

3rd August 2020 Dentons, the world’s largest law firm, has advised Spanish-based multinational construction group, Actividades de Construcción y Servicios, S.A. (ACS), on the renewal of its €500 million Negotiable European Commercial Paper (NEU-CP) Program. The NEU-CP program is registered with the Central Bank of France, with the involvement of BNP Paribas, BRED Banque Populaire, Crédit Agricole Corporate and Investment Bank, ING Bank N.V. and Natixis, as dealers for the Notes. Headquartered in Madrid, the ACS Group is a worldwide leader in construction and services. It is currently the only non-financial issuer with a NEU-CP Program registered with the Central Bank of France. Dentons’ Capital Markets group in Madrid advised ACS on all aspects of the transaction. Partner Ignacio Corujo led and coordinated the transaction with the support of junior associate Ana Artola. Ignacio Corujo joined Dentons in January this year to establish and lead the Capital Markets group in Spain. In addition to this most recent deal for ACS, he has closed several high-value debt capital markets deals since his move, including most notably, Grupo Cajamar’s €1 billion issuance of mortgage bonds, as well as Sacyr’s renewal of its €500 million EMTN Program. About Dentons Dentons is the world's largest law firm, connecting talent to the world's challenges and opportunities in more than 75 countries. Dentons' legal and business solutions benefit from deep roots in our communities and award-winning advancements in client service, including Nextlaw, Dentons’ innovation and strategic advisory services. Dentons' polycentric and purpose-driven approach, commitment to inclusion and diversity, and world-class talent challenge the status quo to advance client and community interests in the New Dynamic. www.dentons.com  

Dentons advises UniCredit on a €450 million secured sustainability-linked financing for Gunvor Gro

3rd August 2020 Global law firm Dentons has advised UniCredit Bank AG as Mandated Lead Arranger, (Sustainability) Coordinator, Bookrunner, Facility Agent and Security Agent as well as the lenders on a €450 million secured sustainability-linked borrowing base facility agreement with Gunvor Group. Gunvor Group will use the funds to cover the working capital requirements of its Ingolstadt refinery. The innovative financing model is tied to the borrower's achievement of predetermined ESG key performance indicators (Sustainability KPIs) and provides for a sustainability discount or premium in case the company overachieves or underperforms the predefined targets. An independent sustainability auditor will report on the performance of the Sustainability KPIs on an annual basis. The ESG-based scoring of certain key performance indicators provides a unique way for borrowers and lenders to communicate their commitment to sustainability and incentivizes sustainable corporate measures. Participating banks included DZ Bank, KfW IPEX-Bank, Raiffeisen Bank International, Erste Group Bank, Commerzbank, Industrial and Commercial Bank of China, CA Indosuez (Switzerland), Bank of China and First Abu Dhabi Bank. Gunvor Group is one of the world’s largest independent commodities trading houses by turnover, creating logistics solutions that safely and efficiently move physical energy from where it is sourced and stored to where it is demanded. With strategic investments in industrial infrastructure – refineries, pipelines, storage and terminals – Gunvor Group further generates sustainable value across the global supply chain for its customers. UniCredit is one of the pioneers in sustainable loans in the German market. Düsseldorf finance partner Dr. Axel Schlieter fully advised the bank on the drafting and negotiation of the loan agreement. The Dentons team further comprised Julia Heitmann (senior associate, Banking and Finance, Düsseldorf) and Eike Hinrich Pradt (associate, Banking and Finance, Frankfurt). Axel Schlieter is a core member of Dentons’ Sustainable Finance group in Europe and is regularly involved around the topics of issuance of green bonds and on sustainable financing. Advisors to UniCredit: Dentons (Düsseldorf): Dr. Axel Schlieter, (lead partner), Julia Heitmann (senior associate, both banking and finance, Düsseldorf), Eike Hinrich Pradt (associate, banking and finance, Frankfurt am Main) UniCredit inhouse lawyers: Carina Engelhardt, Alexander Strigin, Christian Hentrich About Dentons Dentons is the world's largest law firm, connecting talent to the world's challenges and opportunities in more than 75 countries. Dentons' legal and business solutions benefit from deep roots in our communities and award-winning advancements in client service, including Nextlaw, Dentons’ innovation and strategic advisory services. Dentons' polycentric and purpose-driven approach, commitment to inclusion and diversity, and world-class talent challenge the status quo to advance client and community interests in the New Dynamic. www.dentons.com

Dentons advises Qair on refinancing of the acquisition of Rzepin and Linowo wind farms in Poland

3rd August 2020 Dentons’ Banking and Finance practice team advised Qair SAS, Qair International and Qair Polska Sp.z o.o. in connection with the refinancing of two wind farms under operation, Rzepin (58 MW) and Linowo (48 MW). The financing institutions are BNP Paribas and EBRD. The two wind farms are part of Qair’s larger portfolio of almost 200 MW of renewable energy sources, which also includes 93 MW of new capacity from three wind farms – Udanin (50 MW), Parzeczew (9 MW) and Września (9 MW) – and 25 MW of solar photovoltaic. The project was supervised by Mateusz Toczyski, Head of the Europe and Co-Head of the Global Banking and Finance practice, and led by Tomasz Zwoliński, counsel, with assistance from lawyers Klaudia Szymańska-Rutkowska, Katarzyna Mazur, Katarzyna Kaptur and Jakub Walawski. Supporting the Warsaw team were counsel Surbhi Malhotra-Trenkel in Munich and partners Jean-Marc Allix and Olivier Genevois, and associates Djésia Meziani, Philippine de Fouchier and Hugo Casasnovas in Paris. Dentons’ London team consisting of partner Matthew Sapte and associate Annreika Ray advised on the hedging documentation. “We are very pleased and honored to have had this opportunity to assist Qair in yet another wind power project the company has undertaken in Poland,” said Mateusz Toczyski. “We would like to congratulate Qair on this financing and to wish every success with further developments and investments in Poland and elsewhere in the world,” added Tomasz Zwoliński. About Dentons Dentons is the world's largest law firm, connecting talent to the world's challenges and opportunities in more than 75 countries. Dentons' legal and business solutions benefit from deep roots in our communities and award-winning advancements in client service, including Nextlaw, Dentons’ innovation and strategic advisory services. Dentons' polycentric and purpose-driven approach, commitment to inclusion and diversity, and world-class talent challenge the status quo to advance client and community interests in the New Dynamic. www.dentons.com

Dentons advises Sev.en Energy on aacquisition of US-based Blackhawk Mining

3rd August 2020 Dentons has advised international energy group Sev.en Energy on its strategic acquisition of US-based metallurgical coal producer Blackhawk Mining, LLC. C. The transaction comes on the heels of Sev.en Energy’s acquisition of a 17% ownership interest in Corsa Coal in May 2020, further reinforcing its access to the metallurgical coal mining industry in the US market. Blackhawk Mining is one of the largest metallurgical coal producers in the US. With annual production capacity of seven to eight million tonnes of metallurgical coal among its five underground and open pit mining complexes in West Virginia and Kentucky, Blackhawk Mining is an important supplier of metallurgical coal both locally and internationally. It also owns three thermal coal mine complexes producing three to four million tonnes per annum. In 2019, Blackhawk Mining had $1bn revenues and $120m EBITDA.   Commenting on the acquisition, Dentons partner Petr Zákoucký, said: “Having worked for Sev.en Energy for many years, I am inspired by their sustained dynamism, and by this bold strategic move, even during these difficult market conditions. We were delighted to have opportunity to play our role in this success.”   Alan Svoboda, Executive Director of Sev.en Energy who leads the Group’s international expansion added: “Once again, the Dentons team exceeded our expectations and delivered the transaction within a tight time frame of less than a month, nailing both the complexity of the deal and challenges created by the current worldwide pandemic. What was really outstanding was the dedication and flexibility that the entire team showed.”   Dentons’ cross-border team was composed of partners Petr Zákoucký (Prague, Energy/M&A), Ilan Katz (New York, M&A), Lee Smith (New York, Finance), Christopher Van Bever (Lexington, Mining) and John Rhine (Evansville, Mining) Robert E. Richards (Chicago, Insolvency), Managing Associate Gregory DiBella (New York, M&A) and Associate Barbora Obračajová (Prague, Energy). Alvarez & Marsal advised Sev.en Energy on financial due diligence and Weir on technical due diligence.   About Sev.en Energy Sev.en Energy owns significant coal and energy production assets in the Czech Republic, the United Kingdom, Australia and the USA. It is the largest private operator of coalmines and conventional power plants in the Czech Republic, and employs more than 3,500 people. In 2019, Sev.en Energy acquired additional power generation assets from Swiss energy group Alpiq and a 50% stake in the multinational energy company – InterGen N.V., which is one of the leading independent power generators with gas-fired power plants in the UK and coal-fired power plants and coal mines in Australia. When pro-forma aggregated with the financial results of InterGen and Alpiq CZ, Sev.en Energy group combined revenues in 2019 were EUR 1,4 billion and EBITDA of EUR 319 million.   About Dentons Dentons is the world's largest law firm, connecting talent to the world's challenges and opportunities in more than 75 countries. Dentons' legal and business solutions benefit from deep roots in our communities and award-winning advancements in client service, including Nextlaw, Dentons’ innovation and strategic advisory services. Dentons' polycentric and purpose-driven approach, commitment to inclusion and diversity, and world-class talent challenge the status quo to advance client and community interests in the New Dynamic. www.dentons.com

Dentons supports German subsidiaries of the Recylex Group in restructuring

3rd August 2020 Global law firm Dentons is assisting Weser-Metall GmbH and Harz-Metall GmbH, both subsidiaries of the French-German Recylex Group, with their restructuring through ‘self-administration’ proceedings. In addition, Dentons restructuring lawyers Andreas Ziegenhagen and Dirk Schoene and their team are advising the German management of the Recylex Group within the scope of its self-administration. As a result of the COVID-19 pandemic and the dramatic decline in metal prices, the German subsidiaries of Recylex have each applied for protective shield proceedings under German insolvency law. The aim of the protective shield is to allow the companies to continue their individual restructuring measures and to return to economic stability after the pandemic - if necessary, in a new shareholder structure. Weser-Metall produces about 100,000 tons of lead per year at its headquarters in Nordenham (Lower Saxony), making it the third largest lead smelter and the second largest lead recycler in Europe. Harz-Metall has its headquarters in Oker in the Harz Mountains and is one of the leading European recycling companies for lead and zinc contaminated waste. The Recylex group has a total of eleven operating units and two administrative sites in France and Germany. In addition to the companies supported by Dentons, two other companies in the group, Norzinco GmbH and PPM Pure Metals GmbH, have also submitted applications for protective shield, whilethree other German subsidiaries requested self-administration under creditor protection. The Group's French companies are not affected. Andreas Ziegenhagen, Head of the Europe and German Restructuring practice, said: "With the filing for protective shield proceedings, we are making use of the most restructuring-friendly court proceedings in the interest of all stakeholders of the companies”. Advisor to Harz Metall / Weser Metall / German management of Recylex: Dentons (Berlin): Andreas Ziegenhagen (Partner, Restructuring, Berlin/Frankfurt), Dirk Schoene (Partner), Dr. Jan Seelinger (Counsel), Dr. Benjamin Kurzberg (Counsel), Judith Schmid (Senior Associate), Dr. Jakob Pickartz (Senior Associate), all Restructuring and Insolvency About Dentons Dentons is the world's largest law firm, connecting talent to the world's challenges and opportunities in more than 75 countries. Dentons' legal and business solutions benefit from deep roots in our communities and award-winning advancements in client service, including Nextlaw, Dentons’ innovation and strategic advisory services. Dentons' polycentric and purpose-driven approach, commitment to inclusion and diversity, and world-class talent challenge the status quo to advance client and community interests in the New Dynamic. www.dentons.com


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